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Biogen Exits Joint Venture As Samsung Biologics Buys Out Bioepis

Sale Price Of $2.3bn To Be Paid Over Next Two Years

 
• By Chloe Kent

Biogen’s stake in Samsung Bioepis has been fully acquired by former partner Samsung Biologics, following an announcement of the deal in January.

Hand separating puzzle pieces
Biogen announced its decision to sell its stake in January • Source: Alamy

Samsung BioLogics has completed its full acquisition of Samsung Bioepis Co., Ltd., purchasing Biogen, Inc.’s 50% -1 equity stake in the former joint venture for $2.3bn. An initial payment of $1.0bn has now been made, with the remaining $1.25bn to be paid in instalments over the next two years.

The agreement, which was announced back in January, will see Samsung Biologics make a further payment of $812.5m at the first anniversary of the transaction, with $437.5m due at the second anniversary. (Also see "Biogen Sells Samsung Bioepis Stake In $2

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